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Time To Buy

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Time To Buy

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Looking to buy a home? Then there is some good news...

Recent interest rate cuts have made it possible for first-time buyers to purchase their home and this is having causing a situation where we are running low of stock on entry level properties around the R800k to R1.2 million price range.

While there are still properties being sold in the R2.5 million upward range we find that stock is still constant due to people downsizing or immigrating.

Sales had dropped in the beginning of the year as expected, due Covid-19 and the hard lockdown. Since then sales have been on a steady increase with most of our sales being in the Westville and Upper Highway areas.

The types of properties being sold vary between from single, free-standing homes to gated estates and complexes with the most popular being two or three-bedroom garden simplex units under R1 million, a price bracket that attracts zero transfer duty. (transfer fees still apply though)

So if you looking to buy a new home?

Take a look at www.propertynerds.co.za for some of our listings, if you don't see anything that you fancy, then give us a shout and we will go out of our way to find you the perfect home.

 

Author Property Nerds
Published 11 Nov 2020 / Views -

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